Piedmont Office (PDM)
NYSE:PDM
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PDM Stock Chart & Stats
$7.66
-$0.02(-0.23%)
At close: 4:00 PM EST
$7.66
-$0.02(-0.23%)
Day’s Range― - ―
52-Week Range$5.46 - $9.19
Previous CloseN/A
Volume481.06K
Average Volume (3M)801.90K
Market Cap
$956.40M
Enterprise Value$3.23B
Total Cash (Recent Filing)$731.00K
Total Debt (Recent Filing)$2.27B
Price to Earnings (P/E)―
Beta0.88
Next Earnings
Apr 30, 2026EPS Estimate
-0.03Next Dividend Ex-DateN/A
Dividend Yield6.09%
Share Statistics
EPS (TTM)-0.35
Shares Outstanding125,019,005
10 Day Avg. Volume717,928
30 Day Avg. Volume801,900
Financial Highlights & Ratios
PEG Ratio-2.65
Price to Book (P/B)0.69
Price to Sales (P/S)1.84
P/FCF Ratio-62.23
Enterprise Value/Market Cap3.38
Enterprise Value/Revenue5.72
Enterprise Value/Gross Profit19.51
Enterprise Value/Ebitda11.60
Forecast
1Y Price Target
$10.00Price Target Upside30.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.07
Revenue Forecast (FY)$521.36M
Bulls Say, Bears Say
Bulls Say
Record Leasing Volume & PipelineA sustained surge in leasing (2.5M sq ft, backlog ~$68M of future annualized cash rents) materially reduces vacancy risk and drives recurring rental cash flow. A large signed pipeline and legal-stage deals smooth near-term revenue visibility and support mid-term FFO recovery.
Material Mark-to-market Rent UpsideConsistent double-digit roll-ups show durable rent reversion potential across Sunbelt markets. Persistent mark-to-market gains translate into higher stabilized rents per sq ft, supporting sustainable NOI expansion and organic FFO growth as vacant/re-leased space resets to market rates.
Improved Funding & Interest-cost ProfileActive liability management (new bonds, repurchases, revolver paydown and ~$550M revolver capacity) lowers average interest expense and extends maturities. This improves cash flow resiliency, reduces refinancing pressure, and preserves flexibility for leasing and redevelopment investments.
Bears Say
Declining Revenue & Negative Gross ProfitA falling top line and negative gross profit indicate weakening property-level economics or rising operating costs versus rental income. This persistent income-statement pressure constrains sustainable distributable cash, limits reinvestment capacity, and makes consistent FFO recovery harder over the medium term.
Elevated Leverage Versus Earnings ProfileHigh leverage relative to current negative returns reduces financial flexibility and increases sensitivity to occupancy or NOI shocks. Even with recent refinancings, elevated debt limits ability to fund redeployments, raises refinancing risk into later maturities, and can pressure dividends if cash flow weakens.
Concentrated 2026 Lease ExpirationsConcentration of expirations among a few large tenants creates meaningful timing and renewal risk. Failure to renew or delayed re-leasing could produce pronounced occupancy swings and NOI volatility in 2026, undermining the projected stabilization and complicating multi-quarter FFO visibility.
Piedmont Office News
PDM FAQ
What was Piedmont Office’s price range in the past 12 months?
Piedmont Office lowest stock price was $5.46 and its highest was $9.19 in the past 12 months.
What is Piedmont Office’s market cap?
Piedmont Office’s market cap is $956.40M.
When is Piedmont Office’s upcoming earnings report date?
Piedmont Office’s upcoming earnings report date is Apr 30, 2026 which is in 13 days.
How were Piedmont Office’s earnings last quarter?
Piedmont Office released its earnings results on Feb 11, 2026. The company reported -$0.35 earnings per share for the quarter, missing the consensus estimate of -$0.05 by -$0.3.
Is Piedmont Office overvalued?
According to Wall Street analysts Piedmont Office’s price is currently Undervalued.
Does Piedmont Office pay dividends?
Piedmont Office pays a Quarterly dividend of $0.125 which represents an annual dividend yield of 6.09%. See more information on Piedmont Office dividends here
What is Piedmont Office’s EPS estimate?
Piedmont Office’s EPS estimate is -0.03.
How many shares outstanding does Piedmont Office have?
Piedmont Office has 125,019,005 shares outstanding.
What happened to Piedmont Office’s price movement after its last earnings report?
Piedmont Office reported an EPS of -$0.35 in its last earnings report, missing expectations of -$0.05. Following the earnings report the stock price went down -7.783%.
Which hedge fund is a major shareholder of Piedmont Office?
Currently, no hedge funds are holding shares in PDM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Piedmont Office Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$10.00 (30.55% Upside)
$10.00 (30.55% Upside)
Blogger Sentiment
Bullish
PDM Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 16.0K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.02%
12-Months-Change
Fundamentals
Return on Equity
-4.45%
Trailing 12-Months
Asset Growth
-3.25%
Trailing 12-Months
Company Description
Piedmont Office
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
PDM Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum with record leasing, material rent roll-ups, a sizable lease backlog, and constructive 2026 guidance, supported by balance-sheet actions that reduce future interest costs. Challenges are present—most notably a small decline in Core FFO in 2025, modest AFFO, market-specific headwinds (e.g., parts of D.C. and one Boston asset), and near-term uncertainty from several concentrated 2026 expirations. On balance, the positive operational and financial trends and clear path to mid-single-digit FFO growth in 2026–2027 outweigh the identified weaknesses.View all PDM earnings summariesPDM Stock 12 Month Forecast
Average Price Target
$10.00
▲(30.55% Upside)
Technical Analysis
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Ownership Overview
1.23% Insiders
30.26% Mutual Funds
28.21% Other Institutional Investors
17.75% Public Companies and
Individual Investors